Trading Made Simple | Page 4507 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #90,121
  • Aug 28, 2018 5:44pm Aug 28, 2018 5:44pm
Emmanuel if pa is king and s and r as well as s and d is king why even bother with tdi/stoch or whatever other indicator?
  • #90,122
  • Aug 28, 2018 5:58pm Aug 28, 2018 5:58pm
Quoting Tekkies
{quote} Here you go bigboy As mentioned same setup: {image}
@Tekkies,

you got lucky again with this trade entry.
there are price gap when NY open that weekend.

If you follow Big E trading rules, he did not trade New York Sunday open.

Also you did not use his version of the TDI Red Green post#25. You did not follow his TDI exit.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies DE30 trade Aug 27.png Size: 321 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 H1 Aug 27 Tekkies trade.png Size: 189 KB


Practice what you preach to people here.

Attached Image (click to enlarge)
Click to Enlarge Name: levitation trickery.png Size: 446 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,123
  • Aug 28, 2018 6:26pm Aug 28, 2018 6:26pm
Quoting emmanuel7788
{quote} {image} here is an updated chart when to use the HA candle action as Exit option. If you write your own trading rules, you must also have the discipline to follow your own trading rules. Do Not let anyone and some one to force and impose on us to follow rules which we did write on our own. It is our own hard-earned money we trade with. {image}


where is the stop here? the dotted blue line?

also the breakout is kinda weak and looks like it ended with a pinbar

whilst it has broke out of the first H4 wide candle there is however another wide h4 candle formed several bars later which price has not yet broke out of at time of entry

sorry, but i'm struggling to see how this would be a high probability trade.
  • #90,124
  • Aug 28, 2018 6:47pm Aug 28, 2018 6:47pm
Quoting kain775
{quote} where is the stop here? the dotted blue line? also the breakout is kinda weak and looks like it ended with a pinbar whilst it has broke out of the first H4 wide candle there is however another wide h4 candle formed several bars later which price has not yet broke out of at time of entry sorry, but i'm struggling to see how this would be a high probability trade.

the blue dotted line is Day Open. Do not worry too much when you see a Pin Bar. You have to deal with the Fear and Greed of Pin Bar traders.

Look at your Weekly and see what was the market type conditions were like 3 weeks ago and how that changed when Week 34 closed.
2 weeks ago, I did mention in one post about market being sideways range trading and potential for a breakout...

The degree of probability is always an issue with many traders therefore as traders we look for trades setups and think of how to use a Low risk idea and to benefit from it. Look more for Low trade risk ideas when we trade and how we can benefit when there is opportunity to run the trades from one timeframe into the next higher timeframe (follow through). In the case of DE30, there is potential in the Weekly breakout, so we swing trade H4 in the direction of the Daily and Weekly.

A Low Risk-Idea forms the Basis for a Good Trade

The basis of a great trading system will always be a low-risk trading idea. So, what is this exactly and how can it be defined? There are three main components;

1) A tight stop (in relation to prior price activity, respective volatility).
2) A low probability of getting stopped out (before reaching at least break-even).
3) A strong & extended follow-through towards and beyond target.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,125
  • Aug 28, 2018 6:57pm Aug 28, 2018 6:57pm
Quoting Tekkies
{quote} Emmanuel You refer to BigE's post's You show TDI on your chart's. You refer that TDI is not in the winning edge equation. ------- Have notice how you always show how Price Action is better than TDI on your chart. ------ As always you forget that TDI crossover is only there to indicate possibly entry. The brain cell I have clearly understood what BigE meant in post#647: When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short...

@Tekkies,

You are a fool to limit your knowledge and learning to trade by simply following 1485 posts of the OP. He has much more trading knowledge and experience than you read in his 1485 posts in FF. If he did not die in 2012, he would have posted a lot more in the last 7 years. He learned from other traders and some whom he considered professional traders. If you have read, studied, learned and understood what he posted between 2008 and 2011, and you continue to learn by teaching yourself, you will be far better off to become a trader. You will learn the limitations of 'keep it simple' and Trading Made Simple.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E 1485 posts breakdown.png Size: 188 KB



and you are spending ...
Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,126
  • Aug 28, 2018 7:04pm Aug 28, 2018 7:04pm
Quoting emmanuel7788
{quote} @Tekkies, you got lucky again with this trade entry. there are price gap when NY open that weekend. If you follow Big E trading rules, he did not trade New York Sunday open. Also you did not use his version of the TDI Red Green post#25. You did not follow his TDI exit. {image} {image} Practice what you preach to people here. {image}
You are only a embarrassment to yourself
#6
Entries and exits...
................... The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
Also both M15 H1 angle was above 1 which indicate a very strong momentum.
Attached Image
  • #90,127
  • Aug 28, 2018 7:11pm Aug 28, 2018 7:11pm
Quoting Tekkies
{quote} You are only a embarrassment to yourself #6 Entries and exits... ................... The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Also both M15 H1 angle was above 1 which indicate a very strong momentum. {image}

@Tekkies,

You continue to fool yourself with those price levitation candles.

You do not know what the TDI Green line does when the price levitates from its last OHLC.

You got luck twice in the last 2 weeks when the gap up was in the direction of the HTF. One trade price gap down and you lost that one.

How many times will you get lucky in your next 100 trades? You will soon learn how to read price OHLC and how the RSI calculates the price relative strength index.

You do not have the mental strategies for trading made simple.

Good luck when you want to 'keep it simple'
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,128
  • Aug 28, 2018 7:15pm Aug 28, 2018 7:15pm
DE30 Aug 29 H1.

Another lucky day for the one who trade TDI Green cross Red,

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 36 Aug 29 H1 gap.png Size: 43 KB


What if the gap was down?

I am sure the TDI Green would have pointed down.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,129
  • Aug 28, 2018 7:23pm Aug 28, 2018 7:23pm
Today New York session :

Attached Image (click to enlarge)
Click to Enlarge Name: Wed Aug 29 NY hour.png Size: 31 KB


What are your own trading rules regarding news/events ?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,130
  • Aug 28, 2018 7:40pm Aug 28, 2018 7:40pm
Quoting eelfranz
My 3 trades for the week... trying to average 250 pips a week... trading full lots... all 3 were bounce trades... when you ask why I didn't take a trade at an obvious candle... usually the answer was I wasn't online then or I was sleeping... {image} {image} {image}
TIMED ENTRY and EXIT options

It is 15 mins to 6am Portland time... Big E trading H4 candle.

Do you see any H4 set ups fr entry?

What about any open trades which you want to close at 6AM?

Attached Image (click to enlarge)
Click to Enlarge Name: Big Epost 1666.png Size: 137 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 1666_2.png Size: 133 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,131
  • Aug 28, 2018 8:24pm Aug 28, 2018 8:24pm
TMS Monitor H4 alert

EURUSD H4 close with good TDI slope value=7. The default threshold is 4, any value 5 and above is worth a look at if you have a trade plan to trade H4.

No trade plan, keep that simple... , means no trading.


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 36 Aug 29 H4 Tokyo session.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,132
  • Aug 28, 2018 8:43pm Aug 28, 2018 8:43pm
Quoting emmanuel7788
{quote} @Tekkies, You continue to fool yourself with those price levitation candles. You do not know what the TDI Green line does when the price levitates from its last OHLC. You got luck twice in the last 2 weeks when the gap up was in the direction of the HTF. One trade price gap down and you lost that one. How many times will you get lucky in your next 100 trades? You will soon learn how to read price OHLC and how the RSI calculates the price relative strength index. You do not have the mental strategies for trading made simple. Good luck when...
Haveing a bad day Emmanuel?
Don't worry will try and cheer you up tomorrow with another DE30 trade.
Of Course this must happen first:
#115.......... A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
How does the momentum look right now (12-2, 4-6)
Then it has to pass this test as well
#647............
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
How close am I to the previous high or lo
Am I in an uptrend or downtrend.. short & long term...
Am I in or close to a consolidation area
Are the previous candles small...
Look at the candles on the last reversal... big, little, what
Let's us not forget S/R levels

Cheers
  • #90,133
  • Aug 28, 2018 8:52pm Aug 28, 2018 8:52pm
Quoting Tekkies
{quote} Haveing a bad day Emmanuel? Don't worry will try and cheer you up tomorrow with another DE30 trade. Of Course this must happen first: #115.......... A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side). How does the momentum look right now (12-2, 4-6) Then it has to pass this test as well #647............ When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long...

@Tekkies,

Every day is a good day... the sun will rise because the rooster crows. LOL.

And you are still faced with the limitations of your belief 'keep it simple' with 463 posts in this thread.

You quoting Post#647 without any knowledge and experience that of Big E is another joke. You need Big E 6,000 hours.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E 1485 posts breakdown.png Size: 188 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,134
  • Aug 29, 2018 12:56am Aug 29, 2018 12:56am
Quoting emmanuel7788
{quote} @Tekkies, Every day is a good day... the sun will rise because the rooster crows. LOL. And you are still faced with the limitations of your belief 'keep it simple' with 463 posts in this thread. You quoting Post#647 without any knowledge and experience that of Big E is another joke. You need Big E 6,000 hours. {image}
So the person who has dominated a dead persons thread for numerous past years is now starting to post things that look like criticism of the OP? Surely you can't be serious Emmanuel? What is your goal here?
Ardua Ad Astra Per
  • #90,135
  • Aug 29, 2018 1:13am Aug 29, 2018 1:13am
TMS Monitor Aug 29 Frankfurt Open hour

H1 shows lots of momentum in the price...

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug 29 Frankie Open.png Size: 18 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,136
  • Aug 29, 2018 1:14am Aug 29, 2018 1:14am
A simple solution to stop seeing unwanted posts is to select the name of the person at the top of their post and then when their details open look up the top just to the right of the centre and you will see a Ignore button. After selecting it you won't see any of their posts.
  • #90,137
  • Aug 29, 2018 1:18am Aug 29, 2018 1:18am
Quoting mistakesr
{quote} So the person who has dominated a dead persons thread for numerous past years is now starting to post things that look like criticism of the OP? Surely you can't be serious Emmanuel? What is your goal here?


@mistakesr,

It only looks like to you but it isn't.

Just stating a fact that Big E made 1488 posts here in FF but he passed away and so the post count stopped there. And Tekkies is limiting himself to the 463 posts in this thread because he did not read all the other posts in the old thread.

Big E made it clear in his post 336 to go to the old thread for more examples.

Quoting eelfranz
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...
Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 336 wanting more examples.png Size: 44 KB


I am very serious that anyone who wants to learn to trade TMS must read all Big E posts. There are things one can learn when reading all his posts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,138
  • Aug 29, 2018 1:21am Aug 29, 2018 1:21am
Quoting Fourxxxx
A simple solution to stop seeing unwanted posts is to select the name of the person at the top of their post and then when their details open look up the top just to the right of the centre and you will see a Ignore button. After selecting it you won't see any of their posts.

Good and you can limit yourself to just reading 463 posts like Tekkies.

Seriously you should follow this below:

Introduction to Trading Made Simple

Spend the time to read and learn, it is worth the effort you invest in yourself.

Read, these below and follow those links.

Trading Made Simple for beginners : Post#52,707

A short history by pioneer member snarlyjack Post#110
Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,
After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011. Post#4432

In Post#1, he explained how he traded the H4 chart timeframe and he also traded the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.

Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.

TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

Best of Big E Parts 1 and 2 are in this post Post#76,986

The original indicators and template … Post#25

Recommendations:
Read all of Big E’ posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.

Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy HA candles and use that TDI Red Green version all these in Post#25.
Learn Post#261 and Post#647 well because these two posts are your survival kit.

Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

About the Trader Dynamic Index aka TDI:
It is an indicator using multiple moving average of the RSI data. The RSI is derived from the market real price hence the TDI is always lagging the Price Action. To have as good understanding of the TDI, read this book by John Hayden.
RSI: The Complete Guide [click to download] .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,139
  • Aug 29, 2018 1:51am Aug 29, 2018 1:51am
Quoting mistakesr
{quote} So the person who has dominated a dead persons thread for numerous past years is now starting to post things that look like criticism of the OP? Surely you can't be serious Emmanuel? What is your goal here?

Well we know that Emmanuel can't trade this, or any system, given his failed attempt to show otherwise, in which of course he showed how to average down losing trades like a complete newbie.

Attached Image (click to enlarge)
Click to Enlarge Name: emma10.jpg Size: 332 KB


Of course Emmanuel will now say something like this: 'LOL that is a very old Trade Explorer that was only for $100' ..... but the reality is, of course, that this TE is just 18 months old.....and remember that he claims to have been trading...sorry....investing his "hard earned cash" for "30 long years". Also, no matter the size of the account, only a real muppet would keep adding to losers like this. Since then of course, there has been no other TE's to show his great trading skills that he claims all the time. Oh yes, he'll tell us that his TE's or FX Blue accounts are for his 'buddies' only.....yet none of his 'buddies' have EVER come here to confirm this. I have personally spoken to one, and he has never seen Emmanuels FXBlue account. No surprises there.

Never-the-less....he just loves to pluck out of his database of Big E posts, those posts which suit his agenda....yet he never pulls THIS post out: https://www.forexfactory.com/showthr...65#post4786965

EVERY BODY OUT OF THE POOL !

If you want to add indicators... keep it to yourself and please don't post it here. You know the rules... please trade it as layed out.

So you see, he cherry picks which posts to show here so that he can further his own agenda, whereas an honest person who wishes to trade this method would honour the wishes of the departed Big E to show some humility and respect. Alas, Emmanuel has no humility or respect.....if he did he would have opened his own thread just as others have done, and have done so with success.

Lastly, you will note how Emmanuel continues to deride any other person who dares to step into the 'spotlight' that he has claimed for himself...and ONLY himself. Small wonder that traders of experience do not hang around here long.For the newbies, this is tragic because they will be led down the garden path by the pied piper, who's ego is 200 times larger than his trading acumen.

One more thing, if FF, and more to the point, TWEE, had any integrity at all he would shut this thread down and end this rort once and for all. But of course FF is a commercial website who sells advertising space and they just love lots and lots of 'clicks' to show how popular this place is to prospective advertisers. Ever wondered why you can't simply 'Unsubscribe' your membership here?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #90,140
  • Aug 29, 2018 2:00am Aug 29, 2018 2:00am
LOL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB
57 traders viewing now